Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

JPMorgan Chase & Co Add to portfolio

INX:JPM, Jul 13, 11:16 UTC

Latest INX:JPM News

Filter your feed

Apply Filter

Friday, July 10


News

What to Do if You're Racially Profiled While Banking

JPM WFC

It should be a simple transaction: Walk into a bank, endorse a check and put it into your account. But if you're Black, sometimes it's far from simple. Black customers can end up being profiled by bank employees. Some customers' experiences range from simply being unable to deposit a check to facing police called by the bank to ending up in jail falsely accused of fraud, according to media reports. -- In 2010, when Ikenna Njoku of Auburn, Washington, went to a Chase branch in an attempt to cash a tax-refund check of about $8,500 -- a check issued by Chase -- not only was he stymied, but he also was accused of fraud and jailed over a weekend before police got word from the bank that it was a mistake, KING-TV reported. Stacy Kika, an assistant vice president of corporate communications at Wells Fargo, did not state how many forms of ID are required to deposit a check, and no information was found on the bank's website, but says a customer "must meet all requirements of identification and verification, and the check must be endorsed correctly. Our policies and procedures are specific to the type of check and amount and are designed to protect our customers and their accounts."

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Thursday, July 09


News

T-Mobile, Macy's, JPMorgan Chase, Delta Air Lines and MCHI highlighted as Zacks Bull and Bear of the Day

JPM DAL

Analysts continue to raise their EPS guidance for TMUS over the next few years along with their price targets, pushing this stock into a Zacks Rank #1 (Strong Buy). According to a T-Mobile press release regarding the merge, "the enhanced scale and financial strength of the combined company will drive a planned investment of $40 billion into its network, business and more over the next three years. Synergies achieved from the integration have the potential to unlock massive scale and unleash at least $43 billion in value for shareholders." I expect these shares to experience volatility in the short-term, but if it can deliver on its $43+ billion in synergy proposition, I think TMUS has an enormous amount of growth ahead. Macy's, a company that survived through two World Wars, the Great Depression, and even the Civil War, is now on the brink of insolvency.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, July 07


News

JPMorgan boosts its Tesla price target on the strength of delivery data — but still expects the stock to fall 79% over the next year (TSLA)

JPM TSLA

JPMorgan's note is the opposite of a bullish one published by JMP Securities on Monday, which detailed how Tesla could hit $100 billion in revenue by 2025. Still, despite the price target bump, JPMorgan reiterated its underweight rating because of Tesla's "lofty valuation coupled with high investor expectations and high execution risk," according to the note. JPMorgan doesn't expect Tesla to turn a profit in the second quarter, as it expects an earnings-per-share loss of 30 cents. If Tesla doesn't turn a profit in the quarter, that will delay its eligibility to be included in the S&P 500 index. But if Tesla does report better-than-expected second quarter earnings, JPMorgan cautioned:. JPMorgan derived its $295 price target on Tesla from a 50-50 blended valuation model using discounted cash flows and a 2021 multiples-based analysis.

Read Full Details

Topics:
  • Business
  • Financial

Monday, July 06


News

JPMorgan Says Giant Volatility Product May Rise From the Ashes

JPM

(Bloomberg) -- One of the world’s largest exchange-traded volatility products has barely exited the stage and already there’s talk of a comeback. After the delisting of the VelocityShares Daily 2x VIX Short Term ETN, ticker TVIX, strategists at JPMorgan Chase & Co. reckon the firm behind the $1 billion note could team up with a fresh issuer to launch a copycat. VelocityShares, a subsidiary of Janus Henderson Group Plc, marketed TVIX while Credit Suisse Group AG issued the product. “TVIX is VelocityShares largest product (and one of the first it launched), so we believe the company will be motivated to try to re-issue a similar product with a new issuer,” JPMorgan strategists led by Bram Kaplan wrote last week.

Read Full Details

Topics:
  • Business
  • Financial
News

Trump claims only he can keep your portfolio afloat, but JPMorgan says a Biden win would be neutral to positive for stocks

JPM DTRUMP

© Getty Images Presumptive Democratic presidential nominee Joe Biden highlights a contrasting leadership style with that of President Donald Trump in speaking at Philadelphia City Hall on June 2 about protests following George Floyd’s death, which Biden labeled “a wake-up call for our nation.”. Strong U.S. jobs data buoyed investors on Thursday and futures are higher early on Monday, implying a 350-point gain for the Dow Jones Industrial Average (DJIA) at the open. But coronavirus cases continue to rise, with another daily new-cases record for the U.S. on Friday, while election uncertainty and the risks attached also linger on the horizon. Analysts and investors have viewed some of Biden’s policies as being potential negatives for stocks, while Trump argued last week that “the stock market will drop down to nothing” if he is not re-elected Nov. 3. In our call of the day, JPMorgan strategists say that, contrary to that view, a Biden win in November would be “neutral to slight positive” for equities.

Read Full Details

Topics:
  • Business
  • Financial

Monday, June 29


News

China’s JPMorgan Isn’t Coming Anytime Soon

JPM

Regulatory authorities may allow some of the largest commercial lenders into the brokerage industry to perform services that include investment banking, underwriting initial public offerings, retail brokering, and proprietary trading, local media outlet Caixin reported. With capital markets flailing and direct financing struggling to take hold as debt rises across the economy, what better way than to bring in its trillion-dollar whales to boost the financial sector? The largest lender, Industrial & Commercial Bank of China Ltd., had 32.1 trillion yuan ($4.5 trillion) in assets and 650 million retail customers as of March, according to Goldman Sachs Group Inc. Beijing’s efforts to shore up its capital markets may look OK on paper, but they’re increasingly muddled and interests aren’t aligned. As China attempts to make its financial sector more institutional and less fragmented while it’s also letting in foreign banks and brokers, allowing the big homegrown institutions to do more, with additional leeway, doesn’t necessarily make for a stronger system. As I’ve written, experiments like these can have unexpected results.

Read Full Details

Topics:
  • Business
  • Financial
News

JPMorgan Chase Regulatory Capital Update

JPM

JPMorgan Chase & Co. (NYSE: JPM) ("JPMorgan Chase" or the "Firm") announced today that it has completed the 2020 Comprehensive Capital Analysis and Review ("CCAR") stress test process. The Firm also announced today that it has released the results of its company-run 2020 Dodd-Frank Act Stress Test for JPMorgan Chase & Co. and JPMorgan Chase Bank, National Association. Information can be found on the Firm's website at www.jpmorganchase.com under Investor Relations, Events & Presentations, 2020 Dodd-Frank Act Stress Test Results. JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.1 trillion and operations worldwide.

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Tuesday, June 23


News

JPMorgan Chase, Merck share gains lead Dow's 260-point rally

JPM

DOW UPDATE Buoyed by positive momentum for shares of JPMorgan Chase and Merck, the Dow Jones Industrial Average is rallying Tuesday morning. Shares of JPMorgan Chase (JPM) and Merck (MRK) have contributed to the index's intraday rally, as the Dow (DJIA) was most recently trading 260 points higher (1.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, June 18


News

$190 oil sounds crazy. But JPMorgan thinks it’s possible, even after the pandemic

JPM

In a little-noticed report, JPMorgan Chase warned in early March that the oil market could be on the cusp of a “supercycle” that sends Brent crude skyrocketing as high as $190 a barrel in 2025. Weeks later, the coronavirus pandemic set off an epic collapse in oil prices as demand imploded. And yet the bank is doubling down on its bullish view. “The reality is the chances of oil going toward $100 at this point are higher than three months ago,” said Christyan Malek, JPMorgan’s head of Europe, Middle East and Africa oil and gas research. That glut caused storage tanks to fill up to the point that crude turned negative in April. So oil producers slashed supply. But now the pendulum in the boom-to-bust oil industry could swing too far in the opposite direction.

Read Full Details

Topics:
  • Business
  • Financial
News

JPMorgan Chase commits to expanding The Fellowship Initiative

JPM

TFI will triple the number of young people it serves to more than 1,000 over ten years and expand across several U.S. cities. Eric Williams, a 2014 fellow tells us how the program helped him think outside the box and how he can make a difference in his community. ERIC WILLIAMS: I believe that I have a lifelong connection with my brothers, with the partnership that I made, with the connections that I made in JPMorgan Chase. SIBILE MARCELLUS: Speaking at a virtual TFI commencement ceremony, JPMorgan Chase's CEO, Jamie Dimon, said his firm is committed to addressing the economic challenges young black men face by investing in TFI and other initiatives, such as affordable housing programs.

Read Full Details

Topics:
  • Business
  • Education
  • Science
  • Sports